JPYC stablecoin reaches quarter of circulation target in first year
Current overview (not historical)
JPYC stablecoin reached approximately a quarter of its target circulation in its first year, with 3.2 billion yen outstanding against 12.1 billion yen issued. CEO Noritaka Okabe attributed the shortfall to a 1 million yen per-transaction cap for Type II funds transfer providers and a 1 million yen daily issuance limit tied to Japan's Type II funds-transfer rules, which hinder corporate adoption despite partnerships with AZ-COM Maruwa, SBJ Bank, and LINE NEXT.
Written with AI from the reporting · updated 10/27/2026
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- 1Unclassified fact stationOct 27, 00:00recorded Oct 27, 19:42single sourcerevised
JPYC stablecoin reaches quarter of circulation target in fir
Read original source ↗ CoinDeskReplay this moment in the explorerEvidence & revisions · 1 source records
- Subject：
- JPYC
- Action：
- reaches circulation target
- Object：
- 3.2 billion yen outstanding against 12.1 billion yen issued
- Occurred (fact side)：
- Oct 27, 00:00
- Published (valid side)：
- Oct 27, 19:37
- First seen (known side)：
- Oct 27, 19:42
Fact stationSingle source · one-sided claimRevisedCopy may have been revised later; time replay is bounded. Layer labels group reading only, not causation between layers.
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- CoinDeskRelated fact: single sourceSource report revisedJPYC stablecoin reaches only 26% of target circulation in first year, CEO cites 1 million yen per-transaction cap
Report first recorded Oct 27, 19:42
JPYC's circulation reached 3.2 billion yen as of Oct. 23, far below the 12.1 billion yen issued, achieving just 26% of its first-year target. CEO Noritaka Okabe attributes the slow adoption to a 1 million yen per-transaction cap for Type II funds transfer providers, which has frustrated corporate partners. Despite partnerships with firms like AZ-COM Maruwa, SBJ Bank and LINE NEXT, and a brief circulation spike after South Korean exchange Upbit listing, JPYC's business model reliant on interest from reserves faces headwinds with limited circulating supply.
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Event activity trend
- Latest comparable
- 3
- Comparable peak
- 6Oct 28, 14:00
- 24h change
- -51%
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